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PR Newswire

Drip Capital closes $40M Committed Warehouse Credit Facility from East West Bancorp to facilitate trade finance to small businesses

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PALO ALTO, Calif., March 26, 2021 — Capital, a leading Fintech provider of cross-border trade finance, and East-West Bank (EWB), announce a US$ 40M committed credit facility for the expansion of Drip’s trade finance solutions to small and medium-sized businesses (SMBs).

Drip Capital closes $40M Committed Warehouse Credit Facility from East West Bancorp to facilitate trade finance to small businesses.
Drip Capital closes $40M Committed Warehouse Credit Facility from East West Bancorp to facilitate trade finance to small businesses.

"Drip is growing at a rapid pace and institutional partnerships are a cornerstone of our capital markets strategy. The partnership with East West Bank represents a significant milestone for our Company. It will further accelerate our ability to provide fast and seamless financing to global exporters and importers. We are excited to work with Mark Parsa and the EastWest team as we scale up our operations to service many more customers," said Pushkar Mukewar, Co-Founder and CEO at Drip Capital.

"We are pleased to provide financial support to a global fintech company like Drip Capital to help them achieve their growth plan," said Kristine H. Pfeilsticker, FVP-Relationship Manager of Structured Finance at East West Bank. "We both have extensive experience in cross-border financing and a shared focus on offering innovative solutions to SMBs."

"This new asset-based credit facility provides Drip with considerable incremental financing capacity to help power the next phase of our company’s growth. We are excited to scale our capital markets programs providing unprecedented access to trade finance assets.  Despite the pandemic and resulting dislocation in capital markets, we have been extremely impressed with the execution and solutions-oriented approach by the East West Bank team," said Karl Boog, Head of Capital Markets at Drip Capital.

Drip Capital is a market leader in the global trade finance space. The company offers trade financing solutions in the US and developing markets like India and Mexico by giving their clients access to working capital quickly. Drip works with over 1,500 sellers and buyers spread across 80+ countries. The FinTech firm has financed over US$ 1.2B of international trade since its inception in 2016. 

In the US, Drip provides buyer financing solutions — supply chain finance and inventory finance — to SMB importers, who further cater to the multinationals across the country. The company acts as a strategic financial partner to these SMBs allowing them to effectively manage their cash flows / working capital to accelerate sustainable business growth. 

Drip has raised nearly US$ 200M through venture capital and debt since 2016, including over US$ 45M in equity capital through investors such as Accel Partners, Sequoia Capital, Wing VC, and Y Combinator. 

East West Bancorp is a publicly owned company with total assets over US$ 50B and is traded on the Nasdaq Global Select Market under the symbol "EWBC." The Company’s wholly-owned subsidiary, East West Bank, is one of the largest independent banks headquartered in California and one of the largest minority depository institutions in the United States. The bank provides commercial and consumer banking services that help clients reach further and connect to new opportunities on both sides of the Pacific. East West Bank operates more than 120 locations in key cities in the U.S. and Greater China. The bank’s Structured Finance group provides senior secured lending facilities to specialty finance companies and project finance transactions. For more information about East West Bank, please visit www.eastwestbank.com. 

Media Contact:
Vanita D’souza
Communications Manager at Drip Capital
Mobile Number: +1 650-590-0455
Email: communications@dripcapital.com 
Investor Contact: ir@dripcapital.com 

Photo: https://techent.tv/wp-content/uploads/2021/03/drip-capital-closes-40m-committed-warehouse-credit-facility-from-east-west-bancorp-to-facilitate-trade-finance-to-small-businesses.jpg

PR Newswire

Logiq Partners with Comviva to Offer Digital Wallet and Payment Services to Millions of Mobile Users Across Indonesia

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NEW DELHI and NEW YORK, March 23, 2021 — Logiq, Inc. (OTCQX: LGIQ), a global provider of award-winning eCommerce and fintech solutions, has joined forces with Comviva, a global leader in digital financial solutions, to offer digital wallet and payment services across Indonesia. The services based on  Logiq’s PayLogiq digital wallet will be powered by Comviva’s mobiquity® Pay platform.

Logiq also recently partnered with Yabx, a fintech venture of Comviva to offer credit-based financial services such as cash advance for merchants and ‘buy now, pay later’ (BNPL) options for consumers.

mobiquity® Pay is one of the world’s largest digital wallet solutions, powering over 70 digital financial services across more than 50 countries and will play an essential role in Logiq’s new partnership with Koperasi Mona Santoso Berjaya (KMSB).

Together with KMSB, Logiq is providing micro-lending services to members of Badan Perlayanan Jaminan Sosial Ketenagakerjaan (BPJSTK), the social security agency that provides retirement and pension plans on behalf of Indonesian government entities.

The new micro-lending services will benefit BPJSTK’s 48 million members and 600,000 small-and-medium sized businesses (SMBs). The partnership with Comviva will allow Logiq to extend swift, convenient and secure digital wallet services to BPJSTK members and SMBs.

Using Logiq’s digital wallet, BPJSTK members and SMBs will be able to perform multiple financial transactions quickly and securely, including money transfers, receiving and repaying loans, accessing insurance, buying airtime or data, paying bills or merchants—all on their mobile phone, anytime, anywhere.

"Our partnership with Comviva enables us to provide best-in-class digital wallet services to thousands of individuals and SMBs in Indonesia," said Matthew Brent, Chief Strategy Officer at Logiq. "Digital is quickly becoming the preferred method for transactions, and the global pandemic has only accelerated that transition. By providing digital access to an array of financial services instantly from the convenience of a mobile device, we see our combined platform enhancing the lives of many people, helping to grow their businesses and boosting the country’s economic activity."

Srinivas Nidugondi, COO and EVP of Digital Financial Solutions at Comviva, commented: "Our mobiquity Pay is a feature-rich, scalable and flexible digital wallet platform that has been deployed across five continents. We will bring our global expertise in digital wallets to this deployment with Logiq. The platform will enable Loqiq to accelerate the growth of digital wallets in Indonesia by introducing innovative digital financial services to transform the way Indonesians save, borrow, transfer and make payments."

About Comviva Technologies Limited

Comviva is the global leader in digital solutions catering to The Business of Tomorrows. The company is a subsidiary of Tech Mahindra and a part of the $21 billion Mahindra Group. Its extensive portfolio of solutions spans digital financial services, customer value management, messaging and broadband solution and digital lifestyle services. It enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. Comviva’s solutions are deployed by over 130 mobile service providers and financial institutions in over 95 countries and enrich the lives of over 2 billion people to deliver a better future. For more information, please visit www.comviva.com

About mobiquity® Pay

Comviva’s mobiquity Pay is a one-stop solution for digital money, e-wallets, and mobile payments. It provides financial services to over 130 million consumers globally and processes more than 7 billion transactions that total more than $130 billion annually.

mobiquity Pay is a holistic platform that serves consumers, service providers and partners, and it facilitates digital payments for all customer segments banked or unbanked through all form factors and modes, including USSD, mobile applications, IVR, Web, QR codes and NFC.

For financially underserved consumers who need a digital wallet, mobiquity Pay offers a stored value account in the form of a prepaid digital wallet. This solution can facilitate multiple financial transactions, including money transfers, bill and merchant payments, salary payments, financial-aid disbursements, business to business payments and more. It also provides access to micro-financial services, like savings, loans and insurance. For banked and carded consumers, mobiquity Pay provides the option to make payment using a credit card, debit card or bank account.

About Logiq

Logiq, Inc. is a U.S.-based leading global provider of eCommerce, mCommerce, and fintech business enablement solutions. Its AppLogiq™ platform-as-a-service enables small-and-medium sized businesses worldwide to easily create and deploy a native mobile app for their business without technical knowledge or background. AppLogiq empowers businesses to reach more customers, increase sales, manage logistics, and promote their products and services in an easy, affordable, and highly efficient way. AppLogiq is offered in 14 languages across 10 countries and three continents, including some of the fastest-growing emerging markets in Southeast Asia.

The company’s subsidiary, DataLogiq, provides a data-driven, end-to-end eCommerce marketing solution for enterprises and major U.S. brands, including Home Advisor, QuinStreet and Sunrun. Its AI-powered LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend. The company’s PayLogiq™ offers mobile payments, and GoLogiq™ offers hyper-local food delivery services. For more information about Logiq, go to Logiq.com.

Forward-Looking Disclaimer

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. Logiq cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on Logiq’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by Logiq or its affiliates that any of its plans or expectations will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in Logiq’s business, including, without limitation: the fitness of Logiq’s products and services for a particular application or market, the successful launch and development of Logiq’s partnership with KMSB, including the related pilot programs, expectations of future events, business trends, financial results, and/or business transactions that may not be consummated or realized, as well as other risks described in Logiq’s prior press releases and in its filings with the Securities and Exchange Commission ("SEC"), including under the heading "Risk Factors" in Logiq’s Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and Logiq undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. 

mobiquity® is registered trademark in India only.     

For further enquiries, please contact:

Comviva Technologies Ltd.
PR & Corporate Communications
Sundeep Mehta
pr@comviva.com

Logiq Contact
Brent Suen, President
Logiq, Inc.
Email contact

Logiq Media & Investor Contact
Ronald Both or Grant Stude
CMA Investor & Media Relations
Email contact

Logo: https://mma.prnasia.com/media2/995982/Comviva_Logo.jpg?p=medium600

PR Newswire

NexChange Group and Marita Group Co-Host Africa Blockchain Week Virtual Summit to Showcase Continent’s Technological Leapfrog

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HONG KONG, March 17, 2021 — The inaugural Africa Blockchain Week will launch from June 28th to July 1st 2021.

NexChange Group, a blockchain ecosystem and venture builder and MARITA Group, an African conglomerate will combine forces to co-host this Virtual Summit. The event will feature key industry players and decision-makers contributing to regulation, application, investment and education across many African countries.

Juwan Lee, Chairman of NexChange Group: "Africa is the next big move for blockchain. We see not just opportunities in the payment space and financial inclusion, but we see significant institutional involvement."

The new reality has proven technology to be a bridge to a better future. Strong ties between African countries, like the cooperation South-South, encouraged by HRH Mohammed VI go beyond just politics. New economic bridges ensure that Africa is able to bypass certain steps on a technological stair, positioning itself ahead of the global curve. Described by the World Bank and called leapfrogging, it relies strongly on enhanced technologies including blockchain.

Rahhal Boulgoute, Chairman of Marita Group: "Blockchain will revolutionize Africa and provide opportunities for financial inclusion. It is important that we expose blockchain technology in Africa."

The impact is seen on Africa’s financial map. Over the last years, digital banking and mobile payments have proven to be a real-life case study for millions of users, making people’s financial lives better, ensuring inclusion, and changing the game for the unbanked. Banks, enterprises, and entrepreneurs are changing the continent’s destiny, shaping the investment landscape. 

This event backs the efforts of the African regulators to adopt the required regulations to embrace blockchain and become a main global player in the technologies shaping the future. The ambition of the Co-hosts is to make Africa Blockchain Week the key platform for dialogue and networking between all stakeholders in blockchain to transform it into a reality in Africa.

NexChange Group is a venture builder and media platform specializing in Blockchain, FinTech, HealthTech, AI, and Smart Cities.

Marita Group Holding is a global company focused on:

  • turnkey solutions in real estate development, theme parks, smart cities
  • Renewable energy and waste recovery, hydrogen production, electric mobility
  • sustainable agriculture and sustainable development
  • local mining development of natural resources
  • health, medical products, equipment and supplies

For more information, please visit www.africablockchainweek.com or contact: info@nexchange.com, +852 3595 3680.

PR Newswire

WeLab completes initial close of Series C-1 funding, led by Allianz X for US$75 million and announces strategic partnership

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  • WeLab’s focus on technology and innovation in building a pan-Asian digital financial services platform complements Allianz’s expansion strategy with technology-focused partners in the region
  • Allianz and WeLab have established a strategic partnership with plans to develop and distribute investment and insurance solutions
  • WeLab Bank and Allianz Global Investors (AllianzGI) intend to enter into a strategic cooperation in digital wealth management and financial services. Once implemented, WeLab Bank will be the first digital bank to deploy this wealthtech advisory technology in Asia

HONG KONG, March 8, 2021 — WeLab, a leading fintech company in Asia, today announced it has completed the initial close of Series C-1 funding, led by Allianz X for US$75 million. Allianz X is the digital investment unit of the Germany-based Allianz Group, one of the world’s largest insurers and asset managers. Since inception in 2013, WeLab has raised more than US$600 million of strategic financing from the world’s most renowned investors. WeLab and Allianz have also established a strategic partnership to drive fintech collaboration across Asia’s financial services landscape. The new funding, together with Allianz partnership, will bolster the acceleration of WeLab’s pan-Asian growth strategy and expansion of digital financial services.

WeLab completes initial close of Series C-1 funding, led by Allianz X for US$75 million and announces strategic partnership
WeLab completes initial close of Series C-1 funding, led by Allianz X for US$75 million and announces strategic partnership

WeLab operates multiple online financial services with leading positions in Hong Kong, Mainland China, and Indonesia including digital banking and consumer finance businesses, with close to 50 million individual users and over 600 enterprise customers. As Asia sails into the digital banking revolution and many countries in the region are in the process of studying or implementing digital banking frameworks. WeLab is ahead of the curve, spearheading the new age of banking operating WeLab Bank in Hong Kong — one of the first fully-licensed digital banks in Asia since obtaining its license in early 2019. With its unique market knowledge and extensive network, WeLab is perfectly positioned in this strategic partnership with Allianz to take advantage of the vast opportunities in Asia where its total addressable market size for financial services is close to US$3 trillion in annual revenue. 

WeLab has achieved significant milestones in the increasingly digital COVID era

In the COVID era, the market is rapidly evolving, with accelerated digital adoption as one of the outcomes. The pandemic has transformed people’s money habits across their financial journey. The boom in digital services adoption plays into WeLab’s strength in fintech services. WeLab has emerged stronger from the pandemic with multiple businesses achieving significant milestones in the past year. For example:

  • Fueled by increased digital adoption in online financial services, WeLab’s user base grew by 20% YoY, adding around 10 million users to the current 50 million user base, the largest user growth in recent years;
  • Launching a digital-only bank during the third wave of pandemic in Hong Kong proved to be extremely timely, with WeLab Bank garnering strong traction during its first 6 months of operations;
  • WeLend, Hong Kong’s largest pure online lending platform, outperformed the market by 70% during the year to achieve its all-time record high sales volume, at a time where traditional branch operating hours and business model were severely hampered;
  • WeLab’s B2B enterprise solution platform in Mainland China doubled the number of business partners from 300 to over 600 as financial institutions move towards online financial services;
  • In Indonesia, the mobile lending platform Maucash continues to scale with increased brand recognition and popularity of online financial services in Indonesia, achieving over 6x YoY volume growth.

Partnership will accelerate growth of WeLab’s pan-Asian financial services footprint

With this round of investment and new cooperation, WeLab aims to combine its advanced digital banking technology capabilities and market know-how with Allianz’s expertise in insurance and asset management, the two partners aim to holistically improve people’s financial wellbeing. The broader strategic cooperation between WeLab and Allianz will continue to develop over time and encompasses two key areas:

  1. The rollout of pioneering digital wealth management in Asia: WeLab Bank and Allianz Global Investors (AllianzGI) intend to enter into a strategic cooperation in digital wealth management and financial services. WeLab Bank is looking into developing and distributing digital wealth management solutions with AllianzGI, a global asset manager under Allianz, with assets under management of over EUR 582 billion*. These would aim to bridge the significant unmet investment needs in Asia, a region where only 27% of the population use financial advisors, resulting in a sizable under-advised population of over 3.4 billion. Once implemented, WeLab Bank will be the first digital bank to deploy this wealthtech advisory technology in Asia. The plan is to roll out these wealth management services to new digital customers in Hong Kong and later to the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), through Wealth Management Connect, reaching the 72 million population in one of the world’s wealthiest megalopolis.

  2. New markets and new products: development and distribution of investment and insurance solutions: WeLab recognizes opportunities to widen the regional scope of its financial service offerings to other markets in which Allianz operates. For example, in the booming digital Southeast Asian economies, there are around 400 million active internet users, but over 70% of the total population is either unbanked or underbanked. There is, therefore, a lot of potential to expand the cooperation. The two companies are exploring opportunities to offer new digital investment and insurance products in the region, combining Allianz’s expertise in investment and insurance and WeLab’s network of customers and technology.

Simon Loong, Founder & Group CEO of WeLab, said, "We are thrilled to welcome Allianz as an investor and strategic partner to the WeLab Group. We see this as a first-in-market 4-way partnership where there are abundant synergies between WeLab, as a fintech leader and a pioneer in digital banking, and Allianz, as a global insurer and asset manager. More importantly, both companies share a vision on delivering advanced technology solutions to customers in Asia. Today, we announce both the new round of funding and a strategic partnership in wealthtech and banking at WeLab Bank. We look forward to expanding WeLab’s geographical presence and bringing our technology into these new markets with Allianz. We will be expediting our hiring this year, aiming to add around 100 hires, as investing in people and culture will be key to support future growth."

Nazim Cetin, CEO of Allianz X, said, "In a relatively short amount of time, WeLab has built up a powerful platform for digital financial services and achieved excellent access to retail and business customers in Asia, a region of strategic importance for Allianz. WeLab’s high-performance technology platform, in particular, makes it a unique fintech in the Asian markets. The investment in WeLab is a promising one for Allianz both economically and strategically. We look forward to leveraging our strategic partnership with WeLab and the business potential in the region."

Desmond Ng, Head of Asia Pacific at Allianz Global Investors, said, "Asia is home to some of the most dynamic wealth management and banking markets of the world. Hong Kong, in particular, is a significant market for us. With the second-highest bank deposits per capita in the world, it is a very attractive wealth management market. The potential strategic cooperation with WeLab presents an exciting opportunity for Allianz Global Investors as an integral part of our growth strategy in Asia."

Existing investors also participated in this round, reflecting their continued conviction and confidence in WeLab. The Series C-1 round remains ongoing, with the final close expected in the coming months.

About WeLab

WeLab, a leading fintech company in Asia, operates one of the first licensed digital banks in Asia – WeLab Bank, as well as multiple online financial services with leading positions in Hong Kong, Mainland China, and Indonesia, with close to 50 million individual users and over 600 enterprise customers. WeLab uses game-changing technology to help customers access credit, save money, and enjoy their financial journey.

Powered by proprietary risk management technology, patented privacy computing techniques, and advanced AI capabilities, WeLab offers mobile-based consumer financing solutions and digital banking services to retail individuals and technology solutions to enterprise customers.

WeLab operates in three markets under seven key brands, including WeLend and WeLab Bank in Hong Kong, WeLab Digital (我来数科), Taoxinji (淘新机), Wallet Gugu (钱夹谷谷), and Tianmian Tech (天冕科技) in Mainland China and Maucash in Indonesia.

WeLab is backed by the most renowned investors including Allianz, China Construction Bank International, International Finance Corporation (a member of the World Bank Group), Malaysian sovereign wealth fund Khazanah Nasional Berhad, CK Hutchison’s TOM Group, and Sequoia Capital.

To learn more about WeLab, please visit: www.welab.co, or follow WeLab on LinkedIn and Facebook.

About Allianz X

Allianz X invests in digital frontrunners in ecosystems relevant to insurance and wealth management. As one of the pillars of Allianz Group’s digital transformation strategy, Allianz X provides an interface between Allianz Operating Entities and the broader digital ecosystem, enabling collaborative partnerships in insurtech, fintech, and beyond. 

For more information, please visit: https://www.allianzx.com/.

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with over 700 investment professionals in 25 offices worldwide and managing EUR 582 billion in assets for individuals, families and institutions*.

We see investing as a journey and we seek to create value for our clients every step of the way. We invest for the long term, employing our global investment and risk capabilities and sustainable investing expertise to create innovative solutions that anticipate future needs. We believe in solving not selling – our goal is to elevate the investment experience for clients, wherever they are based and whatever their investment objectives.

Active is: Allianz Global Investors
*Source: Allianz Global Investors. Data as at 31 December 2020

For media enquiries, please contact:

WeLab:
WeLab Corporate Communications Team
Tel: +852 6214 4734
Email: pr@welab.co

Allianz X:
Gregor Wills
Tel: +49 89 3800 61313
Email: gregor.wills@allianz.com

PR Newswire

NexChange Group: Greater Bay Area Blockchain Week 2021 to Showcase International Technological Bridges

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A nearly week-long premiere virtual event will feature industry leaders discussing the most exciting use cases of blockchain application in fintech, healthtech, investment banking, supply chain etc., as well as strengthen links between China’s own Greater Bay Area and other countries.

HONG KONG, March 2, 2021 — GBA Blockchain Week 2021 will kick off on March 29th, with core Virtual Summit happening on the 30th and 31st. Exclusive content will be streamed globally and in China, according to NexChange Group.

With Bitcoin price hitting all-time highs, one of the main points on the agenda is a high renewed crypto market interest, especially from institutions. During lively discussions, experts will also explore smart regulation, DeFi, NFT’s, public blockchain networks, investment strategies, blockchain governance, as well as fintech bridges from GBA to various regions, connecting the East and the West.

Names featured on the agenda throughout the week include:

  • Justin Sun, Founder, TRON & CEO, BitTorrent
  • Mance Harmon, Co-Founder & CEO, Hedera
  • Brian Behlendorf, Executive Director, Hyperledger, The Linux Foundation
  • Roger Ver, Founder, Bitcoin.com
  • Prof. Wei-Tek Tsai, Professor, Beihang University
  • Tom Trowbridge, Co-Founder, Fluence Labs & Former President, Hedera
  • Alex Mashinsky, Founder & CEO, Celsius Network
  • Albert Isola, Minister for Digital and Financial Services, Government of Gibraltar
  • Henri Arslanian, Global Crypto Leader, PWC
  • David Lee, Professor of Blockchain, Singapore University of Social Sciences
  • Dr. Ben Goertzel, Founder & CEO, Singularitynet & Ex-Chief Scientist, Hanson Robotics
  • Miko Matsumura, General Partner, Gumi Ventures & Co-Founder, Evercoin Exchange
  • Sheila Warren, Head of Data, Blockchain & Digital Assets
  • Perianne Boring, Founder & President, Chamber of Digital Commerce
  • Emmanuelle Ganne, Senior Analyst, Economic Research & Statistics Division, WTO

Mainland China’s own Greater Bay Area such as Hong Kong, Macau, and cities within the Southern Guangdong province, is home to almost 70 million people. The area is a test ground for one of the world’s first central bank digital currency, Digital Cash Electronic Payment (DCEP) by the PBoC. With its urban infrastructure innovations and sophisticated financial tech solutions, GBA is expected to see accelerated growth of capital and talent in the next few years.

About NexChange: NexChange Group is a venture builder and media platform specializing in Blockchain, FinTech, HealthTech, AI, and Smart Cities. NexChange is known for hosting annual Hong Kong Blockchain Week, a premiere blockchain event organised in closed collaboration with local governments.

For more information on the speakers, agenda, side events and partnerships, please visit https://www.gbablockchainweek.net or contact: info@nexchange.com

PR Newswire

Crunchfish enrolled to VISA Technology Partner program

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STOCKHOLM, Feb. 19, 2021 — Crunchfish AB ("Crunchfish") announces its enrolment into VISA Technology Partner program with its Digital Cash solutions. As a VISA technology partner, Crunchfish will get access to VISA specifications and toolkits enabling potential integration with the VISA digital payment rail.

Crunchfish’s patent pending Digital Cash solutions are built on a two-tier offline vs. online settlement architecture. As a VISA Technology Partner, Crunchfish will get access to VISA specifications and toolkits enabling Digital Cash development, evaluation and potential integration with the VISA digital payment rail.  

"To be invited into VISA Technology Partner program is an important milestone for the company and a testimony of Crunchfish’s technology prowess. It suggests that Digital Cash is a promising solution that may become an integral part of digital payments of tomorrow," says Crunchfish’s CEO Joachim Samuelsson.

For more information, please contact:
Joachim Samuelsson
CEO Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

Ulf Rogius Svensson
IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@crunchfish.com

Vastra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/crunchfish/r/crunchfish-enrolled-to-visa-technology-partner-program,c3290126

The following files are available for download:

https://mb.cision.com/Main/14959/3290126/1375480.pdf

210219 – Crunchfish enrolled to VISA Technology Partner program

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PR Newswire

Planful and Acumatica Partner to Bring Modern, Cloud-Based FP&A to Customers

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Leader in Cloud Financial Planning and Analysis Becomes Top Planning Extension for Acumatica’s Cloud ERP Solution

REDWOOD CITY, Calif., Feb. 18, 2021 — Planful Inc., the pioneer of financial planning and analysis (FP&A) cloud software, today announced it has partnered with Acumatica to give users of both platforms an industry-leading solution for tightly integrated, cloud-based ERP (Enterprise Resource Planning) and FP&A.

Acumatica is a comprehensive cloud ERP solution optimized for ease of use, adaptability, mobility, and security. As a recommended extension for Acumatica, Planful provides numerous unique capabilities for FP&A compared to alternative platforms, including:

  • Fast, flexible implementation using Planful Now, a package of quick-start solutions that helps enterprises meet critical use cases in just weeks.
  • Excel syntax support for ease-of-use with existing Excel charts and processes.
  • Ability to seamlessly process large amounts of data to create a scalable, stable experience for the end user.
  • Fast cloud deployment with rapid configuration and seamless product updates.

"This partnership brings the power of Planful’s end-to-end platform for financial planning, consolidation, and reporting & analysis together with Acumatica’s robust ERP solution," said Kyle Van Jahnke, Vice President of Global Partnerships, Planful. "With Planful, Acumatica customers will now be able to automate and accelerate FP&A activities to drive faster and more agile planning and decision-cycles, and elevate the financial IQ of the organization."

This partnership signals that the Planful Platform meets the highest standards set for Acumatica integration and functionality. It also points to Planful’s commitment to Acumatica quality measurements and alignment to future Acumatica roadmap releases.

"We’re proud to partner with Planful to meet our customers’ growing business demands," said Christian Lindberg, Vice President of Partner Solutions, Acumatica. "Customers who want to stay competitive need flexible, responsive FP&A cloud software such as the Planful Platform to execute their long-term business strategies."

To learn more about Planful and Acumatica’s partnership, click here.

About Planful
Planful (formerly Host Analytics) is the pioneer of financial planning and analysis (FP&A) cloud software. The Planful platform is used by the Office of the CFO around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and visual analytics. More than 800 customers, including Boston Red Sox, Del Monte, TGI Friday’s, and 23andMe, rely on Planful to accelerate cycle times, increase productivity, and improve accuracy across the end-to-end FP&A process. Planful is a private company backed by Vector Capital, a leading global private equity firm. Learn more at www.planful.com.

About Acumatica
Acumatica provides cloud-based business management software that enables small and mid-size companies to accelerate their businesses.  Built on cloud and mobile technology and a unique customer-centric licensing model, Acumatica delivers a suite of fully integrated business management applications, such as Financials, Distribution, CRM, and Project Accounting, on a robust and flexible platform. For more information, visit www.acumatica.com.

Contact
press@planful.com

Additional Resources
Hear from Planful customers
Explore FP&A use cases
Discover Continuous Planning
Join the conversation on social media: LinkedIn, Twitter, or Facebook.

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Related Links :

https://planful.com/

PR Newswire

Crunchfish enrolled to leading international payment network’s partner program

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STOCKHOLM, Feb. 18, 2021 — Crunchfish AB ("Crunchfish") announces its enrolment into a leading international payment network’s partner program with its Digital Cash solutions. As a technology partner, Crunchfish will get access to specifications and toolkits enabling integration with their payment network.

Crunchfish’s patent pending Digital Cash solutions are built on a two-tier offline vs. online settlement architecture. As a technology partner, Crunchfish will work with solutions architects and have access to specifications and toolkits enabling Digital Cash development, integration and certification with their payment network. Crunchfish is sponsored by the payment network’s innovation team in India into this program.   

"To be invited into this partner program is an important milestone for the company and a testimony of Crunchfish’s technology prowess. It suggests that Digital Cash is a promising solution that may become an integral part of digital payments of tomorrow.", says Crunchfish’s CEO Joachim Samuelsson.

For more information, please contact:
Joachim Samuelsson, CEO Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@crunchfish.com

Vastra Hamnen Corporate Finance AB is the Certified Adviser
Email: ca@vhcorp.se 
Telephone +46 40 200 250.This information is information that Crunchfish AB is obliged to publish in accordance to the EU Market Abuse Regulation. The information was provided by the contact person above for publication on February 18, 2021.

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PR Newswire

Diginex launches Front-to-Back Digital Assets Trading, Portfolio Management and Risk Platform Powered by Itiviti

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SINGAPORE, Feb. 17, 2021 — Diginex Limited (Nasdaq: EQOS), the digital assets financial services company, and Itiviti, a leading technology and service provider to financial institutions worldwide, today announced the launch of ‘Access’, a front-to-back trading, portfolio, and risk management solution that enables the trading of cryptocurrencies and crypto derivatives across several platforms.

Access is powered by Itiviti’s Tbricks, an award-winning trade automation technology and infrastructure that is recognized globally as one of the most popular institutional trading platforms available.

The launch of ‘Access’ comes as institutional investors are making a wholesale shift into digital assets, driven by dwindling returns in traditional assets and escalating fiscal stimuli fueling rising concerns about inflation. 

Access provides investors with an aggregated order book across exchanges, and the ability to ensure best execution across their previously disparate liquidity pools. Execution, order and portfolio management are streamlined for investors through a robust front, middle, back office with real time risk and P&L.

Tbricks is a next-generation, cross-asset trading system optimized for low latency, high throughput and scalability. Already in use with many tier one sell-side firms and banks, today’s launch will mean that clients of these firms will now have instant ability to trade crypto currencies and manage their risk and portfolio in the same way as any other traditional asset classes.

Richard Byworth, CEO of Diginex, commented: "This launch provides yet another onramp for institutional adoption of Bitcoin and Digital Assets. Itiviti has a proven track record in providing market leading technology for traditional asset classes to both buy-side and sell-side institutional investors. Diginex brings many years of experience in crypto and digital assets combined with a robust approach to compliance and risk management."

Continued Byworth: "We see increasing demand for cryptocurrency exposure from institutional investors and believe this will be a dominant theme in 2021. With the launch of Access, investors can now manage their portfolios using institutional technology that is tailored specifically for cryptocurrencies."

"We are excited to announce our growing partnership with Diginex," said Rob Mackay, CEO of Itiviti. "With the integration and launch of Access on Tbricks, trading across different crypto exchanges will now be open to institutional investors across the globe and expose them to Itiviti’s advanced automated trading technology."

To learn more about the trends in institutional digital asset trading and investing, Itiviti and Diginex will host a webinar on Wednesday March, 31st at 11am CET, register here.

About Diginex

Diginex is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem offering innovative product and services that are compliant, fair and trusted. The group encompasses cryptocurrency exchange EQUOS.io as well as an over-the-counter trading platform. It also offers a front-to-back integrated trading platform Diginex Access, a securitization advisory service Diginex Capital, market leading hot and cold custodian, Digivault and funds business Bletchley Park Asset Management. For more information visit: https://www.diginex.com/.

Follow Diginex on social media on Twitter @DiginexGlobal, on Facebook @DiginexGlobal, and on LinkedIn. Follow EQUOS.io on social media on Twitter @EQUOS_io and on LinkedIn.

About Itiviti

Itiviti provides nearly 2,000 financial institutions worldwide with flexible, cross-asset trading solutions that cover the full trade lifecycle. Through its commitment to technology innovation, relentless pursuit of workflow efficiency and an entrepreneurial culture, Itiviti is disrupting the industry with highly-scalable solutions that deliver unprecedented cost savings for clients.

For more information, please visit www.itiviti.com.

Follow Itiviti on social media on Twitter @Itiviti_AB, on Facebook @ItivitiAB, and on LinkedIn.

Itiviti is owned by Nordic Capital. 

Forward Looking Statements

This press release ("Press Release") is prepared by Diginex Limited ("Diginex") and is provided for information purposes only and is a summary only of certain key facts and Diginex plans.  This Press Release does not constitute an offer or solicitation or form part of an offer or solicitation of any kind to anyone in any jurisdiction in relation to any securities or other regulated products or services. Without limitation, the Press Release does not constitute an offer or solicitation to make use of any services provided by Diginex, and neither this Press Release nor anything contained in it will form the basis of any contract or commitment whatsoever. The contents of this Press Release have not been reviewed by any regulatory authority in any jurisdictions. Statements contained herein as to the content of any agreement or other document are summaries and, therefore, are necessarily selective and incomplete and are qualified in their entirety by the actual agreements or other documents. This Press Release includes forward looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results or outcomes to differ materially from the forward-looking statements. Most of these factors are outside of Diginex’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the ability to recognize the anticipated benefits of the business combination; the ability of Diginex to grow and manage growth profitably; Diginex’s limited operating history and history of net losses; Diginex’s ability to execute its business plan; the inability to maintain the listing of Diginex’s shares on NASDAQ; Diginex’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Diginex’s products; Diginex’s ability to identify and integrate acquisitions; potential litigation involving Diginex or the validity or enforceability of Diginex’s intellectual property; general economic and market conditions impacting demand for Diginex’s products and services; and such other risks and uncertainties indicated in Diginex’s Shell Company Report on Form 20-F, including those under "Risk Factors" therein, and in Diginex’s other filings with the SEC, which are available on the SEC’s website at www.sec.gov. In addition, any forward-looking statements contained in this press release are based on assumptions that Diginex believes to be reasonable as of this date. Diginex undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Other than those of Diginex, all names, trademarks and logos in this Press Release and used in the materials herein belong to their respective owners. Nothing contained on this Press Release should be construed as granting, by implication, estoppel, or otherwise, any right or license to use any third-party names, trademarks, or logos displayed on the Press Release without the written permission of such third-parties. Copyright (c) Diginex 2021.

PR Newswire

Personetics secures a $75 million investment from Warburg Pincus to accelerate the global expansion of its AI-driven personalization and engagement solutions for financial institutions

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– Over 95 million bank customers now ‘self-driving’ their finances with Personetics

– Banks reaping the rewards with an up to 35% increase in mobile app engagement and 20% increase in customer account and balance growth

– The global market for financial services personalization solutions is valued at $13 billion

LONDON and NEW YORK and TEL AVIV, Israel, Feb. 16, 2021 — Personetics, the leading global provider of data-driven personalization and customer engagement solutions for banks and financial services providers, today announced it has raised $75m in growth funding from Warburg Pincus LLC, a leading global private equity firm focused on growth investing. Personetics is backed by Viola Ventures, Lightspeed Ventures, Sequoia Capital and Nyca Partners. Terms of the transaction were not disclosed.

Personetics offers a proprietary AI software platform to leading banks around the world. Its software touches more than 95 million personal banking customers and analyzes billions of transactions daily. Personetics analyses customer financial data and behavior in real-time, with the data staying safely inside the bank’s ecosystem so that confidentiality is guaranteed.

Banks use Personetics’ agile tools and its low-code Engagement Builder, a Creation & Management Console, to quickly modify hundreds of pre-programmed insights and build customized user journeys. This empowers banks to share real-time personalized insights and advice, as well as automated, self-adjustable financial wellness programs across its customer base comprising both individual banking customers and small businesses.

Financial institutions increasingly recognize the importance of value-driven and proactive digital engagement with their customers and must offer exceptional customer service to retain customer loyalty, whilst exploring ways to monetize these relationships. Operating in a global market worth circa $13 billion, Personetics’ business solutions have become the global market standard and are successfully delivering the vision of ‘self-driving finance’.  

The benefits and ROI of providing data-driven, hyper-personalized, engagement to every customer interaction are immediate and substantial. Banks using the Personetics AI software are seeing an up to 35% increase in digital customer engagement, a 20% increase in an account and balance growth and a 15% increase in the adoption of personalized product recommendations and advice.

Flagship clients include many of the worlds leading banks, such as U.S. Bank (US), RBC (Canada), Intesa Sanpaolo (Italy), Santander (Spain), KBC (Belgium), Metro Bank (UK), UOB (Singapore), Hyundai Card (Korea) and MUFG (Japan).

David Sosna, CEO and Co-Founder of Personetics, said:
"The financial services industry is reaching a tipping–point in mobile adoption and setting a new standard in Smart Personalized Engagement. Personetics has set out down this path and has launched its vision of Self-Driving Finance.  We are looking to quickly expand our global footprint with new partners and clients, and support our existing customers with innovative business solutions. We are very excited to be partnering with Warburg Pincus on this journey."

Peter Deming, Managing Director at Warburg Pincus and Head of Financial Services across EMEA, said: "Personetics leverages an unrivaled AI technology which is badly needed by established banks as they seek to differentiate themselves in a crowded market and match the customer experience of the Neobanks and FinTech apps. David and his team have built the perfect solution for the post-COVID banking distribution model and already secured a world-class client base. Through the combination of our financial backing and Warburg Pincus’ extensive global network across financial services, Personetics can distribute its unique technology into banks all over the world."

Adarsh Sarma, Co-Head of Europe at Warburg Pincus, said: "Israel continues to offer innovative, high growth investment opportunities across technology, financial technology and financial services, all sectors of particular interest to Warburg Pincus. We have committed almost $700 million of equity to businesses in Israel since our founding which is a testament to the talent and innovation that the country has fostered.  In spite of the global pandemic, Israel is very much open for business and we look forward to a fruitful and successful partnership with Personetics."

Avi Zeevi, Co-founder of Viola Ventures and Personetics’ Chairman, said: "We are happy to join forces with Warburg Pincus, a renowned international investor with an extensive global network and track record of success in the financial services and FinTech sectors. This is further proof of Israel’s ability to generate leading global FinTech companies and for Personetics’ immense potential for disruption across the global banking ecosystem."

Enquiries:

Warburg Pincus:                             Julie Foster +44 7471 992907
Personetics:                                    Dorel Blitz +972 50 3837377, dorel.blitz@personetics.com

About Personetics:
Focused on enabling proactive engagement for banks, Personetics’ AI analyzes financial data in real-time to understand customer financial behavior, anticipate customer needs and deliver a hyper-personalized experience. With solutions designed for the mass market, wealth management, and small business customers, the technology enables banks to offer day-to-day insights, financial advice, and automated wellness programs to customers. Banks use Personetics’ agile tools to rapidly create their own personalization IP to serve the unique needs of their customers and differentiate themselves in a crowded market. With these advances, banks have transformed their digital banking into the center of the customers’ financial lives while also delivering significant business impact.

Led by a team of seasoned financial and technology entrepreneurs, Personetics strives to actualize a world of "Self-Driving Finance" where banks proactively act on behalf of their customers – a win-win for customers and banks alike. Founded in 2011, Personetics operates through offices in New York, London, Paris, Singapore and Tel Aviv. To learn more, visit www.personetics.com.

About Warburg Pincus:
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $58 billion in private equity assets under management. The firm’s active portfolio of more than 195 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value.

Since the firm was founded in 1966, Warburg Pincus has invested $21 billion in Fintech and Financial Services companies such as Metavante/FIS, Avaloq, Clearwater Analytics, WEX, and Kotak Mahindra Bank, and $20 billion in Technology businesses including Crowdstrike, Avalara and BEA Systems. To date, Warburg Pincus has invested almost $700 million in Israel. 

Warburg Pincus has raised 19 private equity funds, which have invested more than $89 billion in over 920 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore.

For more information please visit www.warburgpincus.com.

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